Ponte Investments, LLC — Federal Trade Commission v. Ponte Investments, LLC (Case Status: Pending, Last Updated September 25, 2020)

Summary

An enforcement page, last updated September 25, 2020, for Federal Trade Commission, Plaintiff, v. Ponte Investments, LLC, a Rhode Island limited liability company also doing business as SBA Loan Program and SBA Loan Program.com, and John C. Ponte, individually and as an officer. The Civil Action Number is 1:20-cv-00177 in the District of Rhode Island, with case status Pending. The case summary says the company and its owner will be permanently prohibited from misrepresenting an affiliation with the U.S. Small Business Administration under a settlement of FTC charges. The timeline lists a Stipulated Final Order for Permanent Injunction on September 25, 2020, and a Complaint on April 17, 2020.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

Ponte Investments, LLC

Tags:

Last Updated

September 25, 2020

Case Status

Pending

Federal Trade Commission, Plaintiff, v. Ponte Investments, LLC, a Rhode Island limited liability company, also doing business as SBA Loan Program and doing business as SBA Loan Program.com; and John C. Ponte, individually and as an officer of Ponte Investments, LLC; Defendants.

FTC Matter/File Number

202 3115

X200042

Civil Action Number

1:20-cv-00177

Enforcement Type

Federal Injunctions

Federal Court

District of Rhode Island

Case Summary

A Rhode Island company and its owner will be permanently prohibited from misrepresenting they are affiliated with the U.S. Small Business Administration (SBA) as part of a settlement resolving Federal Trade Commission charges they misled consumers in the early days of the coronavirus pandemic. Ponte Investments, LLC, and its owner John C. Ponte were charged by the FTC in April 2020 with misleading small businesses to think they had an affiliation with the SBA and could offer companies access to the coronavirus relief programs administered by the agency.

Case Timeline

September 25, 2020

File

Stipulated Final Order for Permanent Injunction (5.29 MB)

PRESS RELEASE: Company Charged With Posing as SBA Lender Settles FTC Charges and Ceases Using ‘SBA Loan Program’ Website and Business Name

April 17, 2020

File

Complaint for Permanent Injunction and Other Equitable Relief (182.6 KB)

PRESS RELEASE: FTC Takes Action to Stop Company Posing as SBA Lender and Preying on Small Businesses

File and source

File

ponte-enforcement-page.html

Size

994,758 bytes

SHA-256

7fb519d04b9cfacd514961570c71673ea640de689b79e3922559764e2ffd88ef

Our copy

ponte-enforcement-page.html

Original

www.ftc.gov